Targeting higher sales, launches: M3M’s Bansal
LiveMint
Madhurima Nandy | Bengaluru
Real estate developer M3M India Pvt. Ltd is looking to increase sales and launch nearly one residential or commercial project every month in FY23 as demand continues to revive. Sales in the top eight cities in the April-June quarter stood at 77,015 units, of which 9,126 units were in National Capital Region (NCR), a 42% rise on a year-on-year period, as per data by Liases Foras Research. Average prices in Delhi-NCR also rose 9% during the same period. In 2021, the promoters of Gurugram-based M3M launched Smart World Developers, a parallel realty brand to develop low-rise floors and condominiums for younger and first-time homebuyers. In an interview, M3M director Pankaj Bansal spoke about its launch and pricing strategy, sales outlook and the concerns that remain.
